Caribbean Airways designs to cut around a quarter of its team, or 450 staff, as aspect of a restructuring of the carrier.
The airline, headquartered in Trinidad & Tobago cash Port of Spain, also claimed it would place a range of plane into storage.
Caribbean Airlines stated the restructuring strategy arrives in the wake of the devastating Covid-19 disaster.
“We will want to regulate functions to cater for a minimized scale of demand from customers following the opening of the borders,” stated a assertion.
”Put only, passenger demand from customers in the shorter- to medium-phrase is not heading to recover adequately to guidance the existing enterprise construction,” the airline additional.
“As a consequence, Caribbean Airlines is required to acquire further more ways to ensure it has a sustainable business product for 2021 and further than.
“These measures involve important expense reductions in all parts of the functions, precisely its human useful resource complement, its fleet and other assets, and its route community.”
According to Cirium fleets details, the airline at the moment has six ATR 72-600 turboprops in procedure, as properly as 7 Boeing 737-800 aircraft.
It has five Boeing 737 Max planes on order.
The provider did not say how a lot of aircraft it will get out of its working fleet as element of the new technique.
The information will come on the same working day that Caribbean noted initially quarter 2021 final results.
The provider posted a TT$172.7 million ($26 million) reduction for the period, and a 75 for every cent decrease in earnings, compared to the very same 3 months in 2020.